This edition of The Cap Raise Crucible features Megaport, Forrestania and KGL Resources. In the unforgiving world of capital markets, money talks. And over a frantic June period, a staggering $3.5 billion in fresh equity flooded the ASX across 56 separate deals. If you follow the money, you get a very clear lesson in what the market is prepared to pay for at any one time. This wasn't a gentle, even distribution of capital. Rather, it was a torrent that carved two distin

The Edna May gold mine forms the centrepiece of Forrestania Resources' acquisition of the Edna May gold hub from Ramelius Resources. Forrestania Resources (ASX: FRS) has cleared its final funding hurdle to close out a game-changing transactional play in Western Australia, locking away firm commitments for a massive 310 million in fresh equity through a heavily backed, two-tranche institutional share placement. The company will issue 775 million fully paid ordinary share

The Edna May gold processing plant, part of Forrestania Resources’ $300 million purchase from Ramelius Resources Forrestania Resources (ASX: FRS)has delivered the ultimate engineering and corporate climax to its rapid, small-cap evolution, revealing a binding agreement to acquire 100 per cent of Ramelius Resources’ highly advanced Edna May gold hub for $300 million. The blockbuster transaction comprises a minimum of $200 million in cash and up to $100 million in Forrest

Forrestania Resources’ soon-to-be refurbished centrepiece, the 3.2 million tonnes per annum Lake Johnson gold processing plant, 185km southwest of Kalgoorlie in WA. By almost any measure, Forrestania Resources’ (ASX: FRS) transformation from a small-cap explorer into a major emerging gold producer with a sprawling multi-hub footprint across Western Australia’s premier mining belts in barely three years represents an extraordinary evolution. Now it has its foot on almost

The celebrated 1-million-ounce Bounty gold mine is only 7 kilometres north east of Forrestania Resources’ Lady Lila prospect Forrestania Resources (ASX: FRS) has rung up a solid 37 per cent grade increase at its Lady Lyla gold deposit near Southern Cross in Western Australia, with a new mineral resource estimate showing 922,000 tonnes at 1.41 grams per tonne (g/t) gold for 41,700 ounces. The upgrade adds more ounces to the company’s rapidly growing global resource inven

Forrestania Resources’ MacPhersons Reward project, which Beacon Minerals previously mined between 2023 and 2026. Credit: File Forrestania Resources (ASX: FRS) has officially smashed through the psychological one-million-ounce global gold resource ceiling following a high-confidence asset upgrade. The milestone arrived courtesy of a freshly minted JORC resource estimate at its newly acquired MacPhersons deposit near Coolgardie, which has delivered 73,800 ounces of gold and ser

Forrestania Resources has delivered gold hits up to 15.85g/t gold from drilling at its Lady Lila project in WA, driving the company closer to a critical one-million-ounce global gold resource milestone.

Forrestania Resources has secured the Newington gold project in a $1.5M all-scrip deal, adding 10 granted tenements across 212km² and 33km of strike in WA’s prospective Southern Cross Greenstone Belt.

Track mounted RC drilling rig at Forrestania Resources Mt Palmer project, close to Southern Cross in Western Australia. Credit: File Forrestania Resources (ASX: FRS) has aggressively spun the drill bit at its Mt Palmer gold project in Western Australia, unlocking a treasure trove of high-grade mineralisation and successfully confirming significant gold lurking just under the topsoil. Forrestania’s campaign at Mt Palmer, 15 kilometres east of Marvel Loch in the gold-rich Shi

An overhead view of the Gwendolyn open pit at Forrestania Resources’ Johnson Range project in WA’s southern goldfields. Forrestania Resources (ASX; FRS) has delivered a substantial 26 per cent surge in contained gold ounces at its flagship Johnson Range deposit in Western Australia, expanding its total gold inventory to 130,730 ounces. The freshly minted JORC-compliant mineral resource estimate now stands at a healthy two million tonnes pulling a solid average grade of

Forrestania Resources' freshly acquired Hyden gold project includes the Lady Ada mine, last in production in 2002. Forrestania Resources (ASX: FRS) has officially bolstered its West Australian gold arsenal after completing the acquisition of the Hyden gold project, 120 kilometres south of Southern Cross near the wheatbelt town of Hyden. The deal has now catapulted the company’s total resource inventory to a massive 23,082,000 tonnes grading 1.22 grams per tonne (g/t) go

Forrestania Resources has now completed the purchase of the Karonie gold project in the eastern goldfields of WA. Forrestania Resources (ASX:FRS) has delivered a massive boost to its West Australian gold ambitions, finalising a major project acquisition and revealing a pair of significant resource upgrades that push its total inventory beyond 300,000 ounces. In a flurry of announcements, the company confirmed it has completed the purchase of the 185,700-ounce Karonie gold pro

Ramelius Resources’ Edna May mine adjacent to Forrestania Resources’ Burracoppin gold project in Western Australia. Credit: File Forrestania Resources (ASX: FRS) has rung the till with a maiden inferred mineral resource of 58,700 ounces of gold at its Burracoppin project near Merredin in WA. The small but shallow resource is strategically positioned within spitting distance of Ramelius Resources’ 2.8 million tonne per annum Edna May mill, which is currently on care and mainte

A reverse circulation drill rig in action at Forrestania Resources’ Mt Palmer gold project close to Southern Cross in Western Australia. Credit: File Forrestania Resources (ASX: FRS) has come out swinging with a broad batch of gold results across three separate plays in Western Australia, showing the junior explorer is not relying on a one-project wonder to make its mark. The company has released a clutch of high-grade drilling results from drill programs at its British Hill,

Forrestania Resources has started trucking first ore from the company’s British Hill gold deposit in WA to its wholly owned Lake Johnston processing facility. Credit: File Forrestania Resources (ASX: FRS) is officially on the move after trucking the first load of gold ore from its British Hill deposit to its recently acquired and soon-to-be-refurbished Lake Johnston processing facility, 185 kilometres southwest of Kalgoorlie. The symbolic first truck marks a pivotal step in

The Chikangawa forest outside Forrestania Resources’ Wozi niobium project in Malawi. Credit: File Forrestania Resources (ASX: FRS) has hit paydirt with a first-ever drilling campaign at its Wozi niobium project in Malawi, Africa, confirming near-surface mineralisation with a block of solid intercepts across 1.5 kilometres of strike. The company says that the remaining eight holes of a 13-hole reverse circulation (RC) program have all hit niobium, including a headline run of

Forrestania Resources is set to acquire the Lake Johnston nickel processing plant, which it plans to convert into a gold treatment facility. Credit: File Forrestania Resources (ASX: FRS) has moved to consummate its friendly takeover of Kula Gold (ASX: KGD) , declaring the company’s off-market offer unconditional and extending the closing date as the two gold explorers stitch together a combined Western Australian portfolio. The declaration removes the remaining conditions ar

Drill chips at Kula Gold’s Mt Palmer gold project in WA’s Southern Cross Goldfields showing a good intersection from 88m grading 10.65g/t gold over 7m. Credit: File Kula Gold (ASX: KGD) stacked up some eye-catching gold numbers at its historic Mt Palmer mine in Western Australia’s Southern Cross Goldfields, with fresh hits that are delivering bonanza-grade gold, confirming it may have only scratched the surface of a much larger system. Final results from the company’s recent

Kula Gold’s tracked reverse circulation drill rig and sample logging in operation at the company’s historic Mt. Palmer gold project near Southern Cross. Credit: File Kula Gold’s (ASX: KGD) recent review of 1998 rotary air-blast (RAB) drilling data has brought to light a standout hole put down by Sons of Gwalia at the North Yilgarn Star prospect near Southern Cross in WA which nailed a 5m intersection going 6.80g/t gold from 15m and a further 2m at 0.46g/t from 49m to end of

A reverse circulation drill rig in action at Kula Gold’s Mt Palmer gold project close to Southern Cross in Western Australia. Credit: File Kula Gold (ASX: KGD) has unveiled its best set of high-grade drill hits yet from the company’s Mt Palmer gold project in Western Australia’s Southern Cross Goldfields. Its latest reverse-circulation (RC) results next to the Mt Palmer mine include a 6m intercept grading a stunning 20.3 grams per tonne (g/t) from 90 metres depth and another